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City · 5,667 residents · Bailey County, Texas

Muleshoe , Texas

In Muleshoe, a typical home is worth $98,600 and typical rent is $938 a month. Compared with all of Bailey County, typical household income is 12% higher and the typical home value is 6% lower.

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  • Typical home value

    $98,600

    6% below the county

    65% below Texas

    • Muleshoe
    • Bailey
    • Texas

  • Typical rent

    $938a month

    About the same as the county

    33% below Texas

    • Muleshoe
    • Bailey
    • Texas

  • Typical household income

    $69,097a year

    12% above the county

    12% below Texas

    • Muleshoe
    • Bailey
    • Texas

  • Households that own their home

    80%

    About the same as the county

    17 points above Texas

    • Muleshoe
    • Bailey
    • Texas

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$148,614
0.8% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Muleshoe is in Bailey County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Bailey County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Muleshoe apart

What this place has that others do not, from public data, most unusual first.

  1. Muleshoe has the 20th lowest typical home value of the 422 cities in Texas with more than 5,000 people ($98,600).

  2. Nearby, in Littlefield, the typical home value is $79,400: 19% less than in Muleshoe ($98,600).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Muleshoe

What homes there are in Muleshoe, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Muleshoe, 8 in 10 homes are single-family detached houses, about the same as in Bailey County.

Year built

By age, homes in Muleshoe look like those in Bailey County: the typical year built is 1968.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$986 a month

Bailey County: $1,055 a month

Without a mortgage

$506 a month

Bailey County: $502 a month

Owning costs less in Muleshoe: with a mortgage, the typical cost is $986 a month; in Bailey County, $1,055. Without one, $506.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Muleshoe rose 47% since 2015–2019, less than in Bailey County (51%).

The typical rent in Muleshoe rose 36% over the same time; in Bailey County, it rose 58%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMuleshoeBailey CountyTexasUnited States
Rental vacancy Unreliable estimateUnreliable estimate7.7%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.1%0.9%
More than one person per room Unreliable estimateUnreliable estimate4.8%3.4%
People per household 3.093.062.692.53
Drive alone 86%83%71%69%
Carpool Unreliable estimateUnreliable estimate10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimateUnreliable estimate14%15%
Other means Unreliable estimateUnreliable estimate2%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

By size, households in Muleshoe look like those in Bailey County: 3.09 people on average.

The car rules in Muleshoe: 86% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Muleshoe?

A typical home is within reach of the typical income

We start with a typical home in Muleshoe, worth $98,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 15% of the typical household income in Muleshoe, which is $69,097 a year.

The calculator's FHA and conventional loan limits are those of all of Bailey County.

Your numbers

Local data
$

Starts at the typical home value in Muleshoe. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,451 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$861

at 7.18% · 30 years

Loan amount
$96,814
Total interest
$139,293
Paid off in
November 2056

Includes $1,665 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,612 a month

    Your payment · 15%

  • Tight

    $1,612 to $2,073 a month

  • Hard

    more than $2,073 a month

Compared with the typical household income in Muleshoe ($69,097 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$861
Principal & interest$656
Property tax$121
Home insurance$41
FHA mortgage insurance (MIP)$44

You need at least $3,451 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Muleshoe and Bailey County

Muleshoe is in Bailey County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Muleshoe's own numbers

Typical home value
$98,600
Typical monthly rent
$938
Typical yearly household income
$69,097
Households that own their home
80%
Effective property tax rate
1.47%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Bailey County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,015

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Bailey County.

Everything about Bailey County

Buying

Buying a home in Muleshoe

A typical home in Muleshoe is worth $98,600: 6% below the county and 65% below Texas. With the typical household income in Muleshoe ($69,097 a year), a typical home costs 1.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Muleshoe 1.4 years
  • Bailey 1.7 years
  • Texas 3.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Texas

According to FHFA’s house price index, home prices in Texas rose 88% in the 10 years through 2025.

Period Texas U.S.
Last year (2025) +0.8% +2.9%
5 years (2020–2025) +44% +47%
10 years (2015–2025) +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Muleshoe next to Bailey County, Texas and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Muleshoe $98,600
  • Bailey $105,300
  • Texas $283,800
  • United States $332,700
Typical monthly rent
  • Muleshoe $938
  • Bailey $931
  • Texas $1,403
  • United States $1,413
Typical yearly household income
  • Muleshoe $69,097
  • Bailey $61,420
  • Texas $78,476
  • United States $80,734
See the full table
Muleshoe next to Bailey County and Texas
Measure Muleshoe Bailey County Texas U.S.
Typical home value $98,600 $105,300 $283,800 $332,700
Typical monthly rent $938 $931 $1,403 $1,413
Typical yearly household income $69,097 $61,420 $78,476 $80,734
Households that own their home 80% 80% 63% 65%
Typical yearly property tax $1,448 $1,601 $4,232 $3,119
Effective property tax rate 1.47% 1.52% 1.49% 0.94%
Renters with high rent for their income 46% 44% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Bailey County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Muleshoe

For a typical $98,600 home in Muleshoe, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Muleshoe's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $861a month

    Least cash to close
    Down payment
    $3,451
    Cash to close
    $6,409
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $44

  • Conventional, 5% down $843a month

    Down payment
    $4,930
    Cash to close
    $7,888
    Rate
    7.18%
    Mortgage insurance
    PMI · $47

  • Conventional, 20% down, no PMI $696a month

    Down payment
    $19,720
    Cash to close
    $22,678
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $787a month

    Down payment
    $14,790
    Cash to close
    $17,748
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Muleshoe and for Bailey County.

Property tax

Effective rate in Muleshoe

1.47%of the home’s value each year

$1,448 a year for the typical owner in Muleshoe.

  • Muleshoe 1.47%
  • Bailey 1.52%
  • Texas 1.49%

What Texas publishes School-district homestead exemption (Texas Comptroller of Public Accounts)

Exemptions and deadlines in Texas

Flood risk in Bailey County

FEMA does not publish these numbers by city: they are for all of Bailey County.

FEMA’s maps count no homes in the high-risk zone in Bailey County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Muleshoe

Typical rent in Muleshoe is $938 a month: about the same as the county. In Muleshoe, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Bailey County, by unit size. To pay the 2-bedroom one ($1,015 a month) without spending more than 30% of your income, you would need to earn $19.52 an hour working full time.

HUD fair market rent for all of Bailey County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $772 $14.85 $30,880
1 bedroom $808 $15.54 $32,320
2 bedrooms $1,015 $19.52 $40,600
3 bedrooms $1,312 $25.23 $52,480
4 bedrooms $1,462 $28.12 $58,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Muleshoe

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Muleshoe is in ZIP code 79347.

For 2 bedrooms it is $1,040: $25 more than the fair market rent for Bailey County ($1,015).

  • 79347 $1,040$1,330

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Muleshoe when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Muleshoe

HUD lists one building with rents for lower incomes in Muleshoe.

  • Harmon Elliott Complex 901 W Avenue K, Muleshoe 79347 16 low-income homes · For older adults (806) 272-5560

See all 1 buildings in Bailey County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Muleshoe

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Bailey County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Muleshoe

No down payment, repair or rent-help program on our list is for Muleshoe or Bailey County. The ones below are statewide in Texas: they work in Muleshoe the same as in the rest of the state.

Which programs do I qualify for? All programs in Texas

  • My First Texas Home

    Statewide in Texas

    Texas state program for first-time buyers: a 30-year mortgage with down payment assistance. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • My Choice Texas Home

    Statewide in Texas

    Texas state program with down payment assistance for any buyer, not only first-time buyers. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    DeferredForgivable

    See the program Official page

  • Texas Mortgage Credit Certificate (MCC)

    Statewide in Texas

    Limited funds remain, per the source

    Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return. Offered by Texas Department of Housing and Community Affairs (TDHCA).

    Tax credit

    See the program Official page

Housing counselors near Muleshoe

The HUD-approved agencies closest to the center of Muleshoe, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Midland Community Development Corp

    208 S Marienfeld St, Midland · 159 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (432) 682-2520

  • Odessa Affordable Housing, Inc.

    3801 N Dixie Blvd, Odessa · 163 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (432) 362-2349

  • Gecu Federal Credit Union

    6801 Viscount Blvd, El Paso · 271 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (915) 774-2160

All counseling agencies in Texas

Help in Spanish near Muleshoe

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Muleshoe

HUD lists no housing authority with an office in Bailey County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Texas Source: HUD

Cities

Nearby cities

The cities closest to Muleshoe, with the typical home value.

Everything about Bailey County Housing in Texas

Neighboring counties

If Bailey County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Muleshoe.

All guides
A mother smiles as she carries her young daughter on her shoulders (black and white).

Questions

Housing questions about Muleshoe

Short answers with the numbers for Muleshoe and all of Bailey County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Muleshoe?

The typical home value in Muleshoe is $98,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Bailey County it is $105,300.

How much does it cost to rent in Muleshoe?

Typical rent in Muleshoe is $938 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Bailey County is $1,015.

What is the FHA loan limit in Muleshoe?

Muleshoe uses the FHA limit for all of Bailey County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Muleshoe?

The typical homeowner in Muleshoe pays $1,448 a year, according to the U.S. Census Bureau. That is 1.47% of the home’s value; in Bailey County, the rate is 1.52%.

Where can I find free help to buy or rent in Muleshoe?

We found no HUD-approved counseling agencies with an office in Bailey County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).